The government on Friday awarded CPP Senator Ly Yong Phat a $92.21 million contract to install power lines in Cambodia’s eastern provinces, the Council of Ministers said in a statement.
During the weekly Cabinet meeting, senior officials including Prime Minister Hun Sen signed off on the deal to extend the national grid by connecting Phnom Penh with Kompong Cham, Kratie, Stung Treng, Ratanakkiri and Mondolkiri provinces.
The 29-year BOT—or build, operate, transfer—agreement will see LYP Group Co. Ltd. install 230-kilovolt power lines to connect the provinces to the national grid, the statement says.
“At present, Cambodia has 11 power sources that have already agreed to provide power,” the statement says, listing these sources as power imported from Thailand and Vietnam, seven hydropower dams—of which only three are operational—and two incomplete coal-fired power plant projects.
In all, the 11 power sources will provide the country with a total of 2,122.2 MW. Mr. Yong Phat is also involved in a separate project to build a coal-fired plant in Koh Kong province.
In February last year, he sold a 50 percent stake in KK Power Company to Thailand’s Ratchaburi Electricity Generating Holding Public Company, and a feasibility study was undertaken to build the plant.
The well-known businessman and senator was last month awarded another multimillion-dollar government contract to build a national sports stadium in Phnom Penh in time for the 2023 South East Asian Games.